Prestige Wealth Inc [PWM] is -33.33% lower this YTD. Is it still time to buy?

Prestige Wealth Inc [NASDAQ: PWM] gained 36.28% or 0.41 points to close at $1.54 with a heavy trading volume of 10436662 shares.

The daily chart for PWM points out that the company has recorded 60.62% gains over the past six months.

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If we look at the average trading volume of 604.07K shares, PWM reached to a volume of 10436662 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Trading performance analysis for PWM stock

Prestige Wealth Inc [PWM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.45. With this latest performance, PWM shares gained by 30.84% in over the last four-week period, additionally plugging by 60.62% over the last 6 months – not to mention a drop of -43.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PWM stock in for the last two-week period is set at 54.28, with the RSI for the last a single of trading hit 58.32, and the three-weeks RSI is set at 57.52 for Prestige Wealth Inc [PWM]. The present Moving Average for the last 50 days of trading for this stock 1.0916, while it was recorded at 1.3080 for the last single week of trading, and 1.0122 for the last 200 days.

An analysis of Institutional ownership at Prestige Wealth Inc [PWM]